Serverless architecture offers several benefits over traditional server management, including reduced overhead and improved efficiency, as well as reduced development cycles. By managing infrastructure manually, developers can focus on writing business logic rather than worrying about server operating systems or hardware. Serverless architecture is gaining popularity for its ability to handle requests independently, leading to streamlined scalability and efficient resource allocation. It's particularly suitable for APIs, real-time applications, event-driven processing, data processing, and building seamless workflows with Netlify Functions. By following best practices, such as performance and cost optimizations, safety considerations, monitoring, and troubleshooting, developers can maximize the high availability benefits of deploying a serverless environment.